Nonprofit · EIN 41-0682083
ELECTRIC MACHINERY EMPLOYEES CREDIT UNION
Tax-exempt · MINNEAPOLIS, MN 55413
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $418,681 | $442,290 | -$23,609 | $8,505,711 | $6,971,260 | $1,534,451 |
| December 31, 2024 | 990 | $406,851 | $539,270 | -$132,419 | $8,389,881 | $6,831,822 | $1,558,059 |
| December 31, 2023 | 990 | $349,090 | $393,745 | -$44,655 | $8,723,249 | $7,032,770 | $1,690,479 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $312,224
- Investment income
- $106,457
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $134,777
- Compensation of officers, directors and key employees
- $135,441
- Salaries, compensation and benefits (total)
- $163,100
- Professional fundraising fees
- $0
- Occupancy
- $1,514
Balance sheet and other
- Total assets, start of year
- $8,389,881
- Total assets, end of year
- $8,505,711
- Total liabilities, end of year
- $6,971,260
- Net assets, end of year
- $1,534,451
- Gross receipts
- $418,681
- Employees
- 2
- Volunteers
- 7
- Year formed
- 1947
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY D ERICSON | President Officer | 40 | $78,441 |
| TAYLOR DISTEL | Vice President Officer | 40 | $57,000 |
| RICHARD GROSS | Director Trustee or director | 1 | $0 |
| RYAN LAFLAMME | Director Trustee or director | 1 | $0 |
| ERIC NORMAN | Director Trustee or director | 1 | $0 |
| JOE LOYAS | Director Trustee or director | 1 | $0 |
| KRISTEN POPEK | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY D ERICSON | President Officer | 40 | $79,903 |
| TAYLOR DISTEL | Vice President Officer | 40 | $56,136 |
| RICHARD GROSS | Director Trustee or director | 1 | $0 |
| RYAN LAFLAMME | Director Trustee or director | 1 | $0 |
| ERIC NORMAN | Director Trustee or director | 1 | $0 |
| JOE LOYAS | Director Trustee or director | 1 | $0 |
| KRISTEN POPEK | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY D ERICSON | President Officer | 40 | $74,663 |
| RICHARD GROSS | Director Trustee or director | 1 | $0 |
| RYAN LAFLAMME | Director Trustee or director | 1 | $0 |
| ERIC NORMAN | Director Trustee or director | 1 | $0 |
| JOE LOYAS | Director Trustee or director | 1 | $0 |
| KRISTEN POPEK | Director Trustee or director | 1 | $0 |
| STEPHANIE FILKINS | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 800 CENTRAL AVE NE, MINNEAPOLIS, MN 55413-2403
- In care of
- % GREGORY D ERICSON
- Principal officer (990 for 2025)
- Gregory D Ericson, 10520 Avocet St NW, Coon Rapids, MN 55433
- Signed the 990
- GREGORY D ERICSON, President
- Phone
- (612) 378-8100
- Website
- emcu.org
Mission
To provide financial services and products consistant with our membership. To offer loans and savings accounts at a competitive rate.
Program accomplishments
- Dividends paid to membersExpenses $117,781
- VisaExpenses $47,604
- Data Proc/Prof ServicesExpenses $41,340
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0682083
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0708: CREDIT UNIONS IN THE STATE OF MINNESOTA
- Assets (IRS master file)
- $8,505,711
- Income (IRS master file)
- $418,681
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $418,681 | $442,290 | $8,505,711 | XML |
| 990 | December 2024 | $406,851 | $539,270 | $8,389,881 | XML |
| 990 | December 2023 | $349,090 | $393,745 | $8,723,249 | XML |
| 990 | December 2022 | $331,496 | $316,688 | $8,848,914 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0682083).
Questions about ELECTRIC MACHINERY EMPLOYEES CREDIT UNION
- What is the EIN of ELECTRIC MACHINERY EMPLOYEES CREDIT UNION?
- The employer identification number (EIN) of ELECTRIC MACHINERY EMPLOYEES CREDIT UNION is 41-0682083.
- Is ELECTRIC MACHINERY EMPLOYEES CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to ELECTRIC MACHINERY EMPLOYEES CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ELECTRIC MACHINERY EMPLOYEES CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ELECTRIC MACHINERY EMPLOYEES CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ELECTRIC MACHINERY EMPLOYEES CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ELECTRIC MACHINERY EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Gregory D Ericson.
- Who are the officers and directors of ELECTRIC MACHINERY EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $78,441 (GREGORY D ERICSON, President).
- How much revenue does ELECTRIC MACHINERY EMPLOYEES CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $418,681, expenses of $442,290 and total assets of $8,505,711 at year end.
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